As South America’s richest nation by natural gas with proven reserves exceeding 10 Tcf, hydrocarbons exports contribute over 40% of Bolivia’s GDP and 60% of national exports underscoring strategic influence though questions around sustainability now intensify given price volatility and climate action priorities necessitating economic diversification hedging. However, nurturing sector technical skills advancement around predictive analysis adoption, exploring lithium battery storage integration potential and strategically investing into pipelines connectivity remains vital to supply regional fertilizer manufacturing demand upholding latent promise.
Moreover, pursuing gas to chemicals feasibility also holds merit given sizable feedstock available domestically while forming cross border corridors development alliances ensures market access support hedging price uncertainty. Well positioned to advise regional Oil & Gas players balance continuity and change, our advisors at energy consulting firm RFC offer readily relevant ideas guiding Bolivia’s hydrocarbons sector governance and downstream infrastructure prioritization essential for responsibly translating sectoral strengths into balanced, ethical value creation benefiting communities equitably!